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Fred Johnston
c0587dad09e3efae0ec93036aaa0d70658ce9053ee1359edf1763869e6a50e67
Dad of 5. Retired EE Electric Utility Industry. TSLA. Solar. Covid 1984. Arial Speakers. Lake of the Ozarks. ⚡Bitcoin

100%.

As someone that has thrived on constant change, you are spot on.

Embrace the change. If you get up and do the SAME THING each day, it's time to start thinking different. It's amazing how hard that truly is to do!

And sadly, as you grow you will leave some people behind in your world. Why? Because most people presented with change will push/fight back - they won't want to change. Even if that change makes their life easier, they still won't change!

ALWAYS be improving!

Why do public service jobs have any pay?

First, there should be very few jobs in Federal Gov. Second, if they are not already successful how can they 'serve' anyone else? The Government jobs should be donations, like your church.

Government should NOT be a welfare system. And the idea that elected officials and Government workers get a pension at all is absolutely outlandish. NO pension at all!

For most, that's true. But for those of us that see the injustice, it's the furtherest thing from the truth.

#Bitcoin will reprice everything, including most Westerners lifestyles as they start to understand they have to WORK for what they want/have like the rest of the world (instead of printing money (no work)). No more buying trillions from around the world with that printed money (requires work of others). Many American's think they are working, working hard. When in reality over 60% of jobs are non-productive ONLY supported by the distortions of the printing of US$ used as the Global Reserve Currency.

A rude awakening coming soon to a theater near you!

Sadly, the only way to fix a gambling mentality is for those that gamble to lose. And lose repeatedly.

On the positive side, it’s a transfer of wealth from dumb money to smart money. Once we are on a #bitcoin standard, the gambling will decrease significantly.

That's interesting. I was thinking Sachs understand #Bitcoin but you make me wonder.

If Trump 'really' wants a strong USA manufacturing base, then the US$ GRC has to end. It's that simple. And US citizens will have to go back to work (60% of jobs today are unproductive and not needed). I mean 'real' productive work and innovation.

BUT - your post along with this podcast with Grant Williams has me wondering. I don't agree with a LOT of what Grant and his host say here - clearly neither understand Bitcoin but they do understand shitcoins.

Great follow up.

https://podcasts.apple.com/us/podcast/the-grant-williams-podcast/id1508585135?i=1000688999784

Ken - in Diamandis new book, "Longevity Guidebook" he says to avoid red meat because it causes colon cancer.

He is low carb/sugar and high protein but probably supports the idea of 100grams/day carbs but looks at it as essential, versus tolerant.

Your response and any references to research?

Access to infinitely small time preference. This allows humans to store their energy indefinitely in time and space until they absolutely want to spend it or use it. This is the foundation of building civilizations.

That’s the simple view. But the US has hollowed out its industrial and manufacturing base by sending it overseas. At what point do taxes and money printing go so high to account for lost industry that we can’t buy anything anymore because no one has a job?

30% of the economy is financial, which means money printing and money gaming. This is nonproductive.

So we are in a situation where the printing press now has to account for $2 trillion a year in deficit spending.

Historically, the system where living in has collapsed 100% of the time and the people that suffer are the ones that got cheap goods for a few decades.

Well, that's true on the yes men. He would fire anyone that disagrees with him! lol

But in all fairness we probably needed an 'authoritarian' at this point to get us back on track. Let's hope he reins it in once we get thing working again.

Bukele is the same figure in El Salvador - you needed to clean up the mess. As Maximus says, "I will give you Rome, and you decide what to do with it."

Anything less and Trump has failed.

That's fine - We have Nostr!

Good-bye Trump!

(Sidenote: I'm for a lot of what Trump is doing but holly shit, does he have to be so authoritarian? - the answer is probably yes until we get the garbage cleaned up but this is ridiculous)

Does not matter - #Bitcoin going to fix all this.

Replying to Avatar [bit] max⚡️

Bukele failed his people as a economist, he spent to fast to much money on debt and now he accepted a deal with the devil the #IMF!! It is not about Bitcoin and the reserves they are developing great but he did not have enough for the amount of reckless spending.

Learn the basics from Milei and the Austrian economists Mr. Bukele !!

Here is the background:

https://www.bbc.com/news/articles/c20e3l3xllwo

"El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies.

The global lender said risks related to the adoption of the world's largest cryptocurrency had eased now that businesses will be allowed to decide whether or not to accept bitcoin.

In 2021, El Salvador became the first country in the world to make bitcoin legal tender.

This week, the cryptocurrency briefly hit a fresh record high of more than $108,000.

"The potential risks of the Bitcoin project will be diminished significantly in line with Fund policies," the IMF announcement said.

"Legal reforms will make acceptance of Bitcoin by the private sector voluntary. For the public sector, engagement in Bitcoin-related economic activities and transactions in and purchases of Bitcoin will be confined."

The deal, which is aimed to help support El Salvador's economy, still needs to approved by the IMF's executive board.

The IMF had opposed the Salvadorean President Nayib Bukele's crypto-friendly policies, warning they could become an obstacle to it offering financial assistance.

Still, Bukele celebrated on social media as bitcoin rallied after Donald Trump's US election victory in November.

..."

Relax. He's basically doing what Saylor did/does at the Nation State level.

You realize he bought a bunch of Bitcoin right after the loan was approved, right? Don't jump to conclusions. This is all going to play out beautifully.

While it's true that Bitcoin is not an official currency in El Salvador - everyone can still use it the SAME has last week, or last year. NOTHING has changed.

The adoption rate in El Salvador, or anywhere else will continue with or without the Government.

Sit tight. Let it play out. All is good!

It's too bad all humans don't understand holding #Bitcoin versus their 'investments' and US$ (or fiat of your choice).

I get it - many countries/people are still trying to just feed their families - but many more could benefit stacking SATs.

Poverty is like a disease of the mind...

So all that money spent to build tunnels and weapons couldn’t have been used in other ways? I know the least common denominator is violence, but clearly that wasn’t the solution.

I don’t claim to have the answers. But what Hamas has done is clearly devastating to themselves.

It’s not productive to assume self destruction is the only choice. But in fairness history shows self destruction has been the most common path traveled.

This is how it should be. Nations competing for talent, and spirit. She's energizing the people. This helps Mexico AND helps the USA.

The hardest working and most driven Mexicans come and work in the USA. If they go home with these new skills, it will be a BOOM for Mexico!

This also puts pressure on the USA to quit handing out free money to pretty much everyone and put them back to work. Make American WORK Again.

This will temporarily drive up cost as wages increase to attract American workers. Relax. The increased economic growth will drive efficiency gains, eventually fueling the REAL economy and bring costs down. We won't get out of this mess without a little pain. We have been EXPORTING inflation since the early 1970s. It will take time to get out of this mess.